FINANCIAL TIMES: …Commercial real estate brokers say Walmart has begun scouting for sites for smaller- format stores in a range of urban markets, including Sacramento and the San Francisco Bay area in northern California, as well as in Reno, Detroit and other cities.
“They’ve been looking at sites between 20,000 and 50,000 sq ft over the summer,” said one broker in northern California.
Garrick Brown, a vice-president of research at Colliers International, said the retailer was looking at taking over existing buildings, and that “chatter” from brokers suggested the retailer was looking for scores of sites across the US. “It is going to be huge,” he said…. (more)
